#GeneralMotorsCanada; #Unifor; #OntarioInvesting; #Oshawa
Oshawa, May 9 (Canadian-Media): Todd Smith, Minister of Economic Development, Job Creation and Trade, issued yesterday the following statement in response to the announcement from General Motors Canada and Unifor about transformation of the Oshawa assembly complex, media reports said.
"We welcome the agreement between GM Canada and Unifor, which will maintain 300 good jobs at General Motors Oshawa. This is good news for the City of Oshawa and all of Durham. We are glad this historic site will continue to be a hub for vehicle parts manufacturing, technological innovation and regional economic growth.
While this agreement is a positive development, many workers still face an uncertain future as the plant scales down. Our government is there for those workers and their families. Our government is working with GM and Unifor to support affected GM employees and their families through its Rapid Re-employment Training Service, with plans for an action centre to open in June.
We continue to take action to make Ontario open for business and we are working closely with the auto industry through our government's 10-year plan, Driving Prosperity: The Future of Ontario's Automotive Sector.
The auto sector can count on our government to support and partner with them. We will always stand shoulder-to-shoulder with our auto workers."
#FixingtheHydroMessAct; #GregRickford; #IndependentElectricitySystemOperator; #IESO; #OntarioEnergyBoard
Toronto, May 9 (Canadian-Media): In its attempts to reform the electricity system to reduce costs and drive efficiencies, Ontario Government today passed the Fixing the Hydro Mess Act, 2019, media reports said.
Greg Rickford, Minister of Energy, Northern Development and Mines said every effort is being made to keep the promises made to clean up the inherited hydro mess that and added, "Our government's plan protects what matters most by reducing costs, driving efficiencies, and lowering electricity rates for medium and large employers."
Once fully implemented, the legislation and related regulatory initiatives would: find savings of up to $442 million through refocusing and uploading certain electricity conservation programs to the Independent Electricity System Operator (IESO); modernize the Ontario Energy Board to make the regulatory system more efficient and accountable, while continuing to protect consumers; hold average residential electricity bill increases to the rate of inflation; take advantage of lower government borrowing costs; introducing a new transparent on-bill rebate to show the true costs of power on consumer electricity bills.
"These changes will help create a modern, transparent, and accountable electricity system that works for the people of Ontario," said Rickford. "We continue to find hundreds of millions in savings that help to keep rates low for large companies which allows them to invest in themselves, so they can create more good jobs, and reduce Ontario's debt. We are also keeping residential hydro bills stable as we continue to work to lower electricity rates by 12 percent."